Press Release  State Agencies Announce Financial Education Grant Recipients

BOSTON — The State Treasurer’s Office of Economic Empowerment (OEE),in partnership with the Division of Banks (DOB) and the Office of Consumer Affairs and Business Regulation (OCABR), announced the 2025-2026 recipients of the Financial Education Innovation Fund Grant.

Following a competitive application process that concluded in November, the state agencies awarded grants to 92schools, totaling $383,420.00. This funding will allow Massachusetts high schools and special education programs to host financial education fairs, known as Credit for Life Fairs, for their students.

Of the 92 recipient schools, twenty-four received funding as Seed Applicants and will host fairs for the first time.

For the third year, participating schools that have a large population of low-to-moderate income students will receive an additional $500. Twenty-five schools received this additional funding to bring much-needed financial education to students in the state’s most vulnerable communities.

“Credit for Life Fairs empower high school students with the tools they need to succeed,” said State Treasurer Deborah B. Goldberg. “This year, we are supporting a record number of schools, helping young adults prepare to make informed financial decisions as they approach graduation and adulthood.”

“The Division of Banks is proud to support this initiative with another round of funding,” said Mary Gallagher, Commissioner of Banks. “With hands-on, high-quality lessons offered at these fairs, students can learn foundational financial management skills they can use into adulthood.”

“It is important for high school students to understand how to manage their personal finances so they can be successful in life,” said Layla R. D’Emilia, Undersecretary of the Office of Consumer Affairs and Business Regulation. “Funding Credit for Life Fairs through these grants provides a fun, engaging, and productive environment for students to learn fiscal responsibility.”

Award recipients:

Since 2015, over 65,000 Massachusetts students have attended Credit for Life Fairs. The Financial Education Innovation Fund Grant was established as an ongoing effort to strengthen access to financial literacy throughout Massachusetts. This financial education program is funded by the Division of Banks through a settlement over alleged unlawful lending practices.

About the Division of Banks 
The Division of Banks (DOB), which is a division of the Office of Consumer Affairs and Business Regulation within the Executive Office of Housing and Economic Development, is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the state. The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

About the Office of Consumer Affairs and Business Regulation 
The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

About the Office of Economic Empowerment

Treasurer Goldberg created the Office of Economic Empowerment with the deliberate goal of implementing a range of economic empowerment initiatives that include closing the race and gender wage gap, addressing racial equity, increasing access to financial education, and creating pathways to economically stable futures for all residents across the state.

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